Living Benefits

Critical Illness Insurance is money when you need it most. Talk to us today.

Employees Can Focus on Their Recovery.

In recent years, Living Benefits (Long Term Disability and Critical Illness Insurance) have become part of a robust employee benefit package. Long term Disability (LTD) is income replacement insurance. This insurance is an effective way for an employee to protect himself or herself and their family should they lose the ability to work and earn an income. Critical Illness Insurance (CI) is a lump-sum tax free benefit paid out upon the diagnosis of one of 25 covered conditions. Living Benefits ensure that an employee can focus on their recovery and not worry about the financial implications or obligations that often accompany illness or injury.

Long Term Disability Insurance Helps To Protect Families.

Your employee’s income is what matters most to them and their families. It provides the support they need to achieve their goals and provide for their families. If your employee is suddenly faced with a disability they need the support of Long Term Disability (LTD) insurance to meet their financial obligations, maintain their lifestyle and manage their future. The expert advisors at DFG can provide an affordable plan to meet both present and future needs.

Critical Illness Insurance Helps Make Recovery More Comfortable.

When illness or accident strikes, Critical Illness (CI) insurance can help an employee to seek treatment outside of Canada, fly in family members to assist with care, provide income replacement for a spouse acting as caregiver, or hire a nanny or eldercare. Gaining access to these services and support helps to make recovery more comfortable.

Group Coverage for Critical Illness Provides Great Benefits.

Offering Critical Illness insurance to your staff on a group basis provides ease of application (no medical evidence is required), significant premium savings to your employees (when compared to purchasing this coverage personally), and no termination age (coverage may continue until an employee ceases to be eligible depending on the plan contract).

This coverage can serve as a complement to your existing employee benefits package. Critical Illness Insurance is not tied to income and will not affect a life or disability insurance payout. No matter the plan design chosen, employees are typically unable to purchase a similar Critical illness Insurance offering at this price point on a personal basis.

Coverage is provided in two ways—based on mandatory or voluntary employee participation.

Integrated Disability Solutions.

Simple Administration. Cost Savings. Expert Advice.

DFG’s Integrated Disability Solution (IDS) is one of the most innovative group insurance concepts available today. Developed to guard against Long Term Disability rate increases, IDS provides enhanced definitions of disability, higher monthly benefits, portability, and cost containment – all without the burden of medical underwriting.

Key features:

Locked in premiums that can never be increased (on the individual policies).

Premiums offered at a reduced rate (significantly lower than if purchased personally).

No medical underwriting is required (3 simple questions asked).

Non-cancellable coverage (the insurance company cannot modify the individual policy for the life of the contract).

Enhanced definition of earnings (ability to insure bonuses and other sources of income).